Articles

EUR/USD Bullish Interpretation is Valid While above 1.1050


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This EUR/USD rally through the 55 week average is important because the widely watched average was precise resistance in August and October 2015. 1.1050 is critical to the integrity of the bullish interpretation.

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USD/CAD – The Unwind of “Negative Irrational Exuberance”


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USD/CAD trades back to unchanged on the year, Important cyclical turn window ahead.

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The GBP/USD Breaks Lower on NFP Data


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NFP figures missed expectations driving the GBP/USD lower.

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EUR/USD Bullish Interpretation is Valid While above 1.1050

This EUR/USD rally through the 55 week average is important because the widely watched average was precise resistance in August and October 2015. 1.1050 is critical to the integrity of the bullish interpretation.
Continue Reading


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USD/CAD – The Unwind of “Negative Irrational Exuberance”

USD/CAD trades back to unchanged on the year, Important cyclical turn window ahead.
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The GBP/USD Breaks Lower on NFP Data

NFP figures missed expectations driving the GBP/USD lower.
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Silver: Profit Taking Ahead of NFP Seems Likely

With the NFP report on tap, I see it as fairly likely that short-term traders will book profits ahead of the report release as even a small move to the 190k projected outcome (Bloomberg survey), may trigger a decline to $14.50.
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DAX 30 At Risk Of Breaching Its January Low

The German DAX 30 remains fragile and a soft NFP outcome (less than 190k) may trigger a slide below the January 2016 low of 9253, which, not dissimilar to a medieval trap door, could quickly open for a decline to the August 8 low of 8887.
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FTSE 100 Remains Bearish Ahead of NFP

The outlook for the FTSE 100 is little changed from yesterday. It’s choppy around the 5880 level and will continue to be so for the next few hours as traders tend to be hesitant to enter with fresh positions ahead of today’s U.S. Non-Farm Payrolls report.
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DailyFX Technical Focus: US Dollar Update

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Gold Prices Shine in the Race to the Bottom

While USD strength ran the table to start the year, the Fed taking a dovish tone has created a massive run in Gold prices.
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WTI Crude Oil Price Forecast: Oil Bulls May Soon Have Reason to Cheer

WTI Has Reversed On Cue As The Dollar Drop Began. Now Eyes Will Turn to Last Week’s High.
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EUR/USD – Was it Just Time to Breakout?

EUR/USD trades at highest level in three months, 1.1260 The next important hurdle.
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USD/CAD Technical Analysis: CAD Bulls Face Key Test at Fib & Channel Support (Levels)

USD/CAD Plunged ~750+ Pips since the end of last week, now attention turns to USD & Oil for next big move.
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US DOLLAR Technical Analysis: The Day the Dollar Died?

The FXCM US Dollar dropped by its largest amount since March 18, now the question remains, who is brave enough to buy the dip?
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Silver Prices On A Tear, Should Be Trading at $15.30

Silver price are close to reaching our target of $14.90 as traders re-evaluate the prospect of more Fed rate hikes. I expect silver to reach $15.30 based on its correlation to gold and as long as gold prices trade at or above $1447.
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FTSE 100: Short-Term Trend Turns Choppy

As seen below, the overall trend is bearish below 6085 and may therefore reach the January 26 low of 5767 and the January low 20 of 5601, in the case of an extension.
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GBPUSD Breakout Levels- Key Resistance in Focus Ahead of BoE

The sterling breakout is eyeing down its first major resistance hurdle just shy of the 1.47-handle. Here are the updated targets & invalidation levels that matter.
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USD/JPY – Claw Back

USD/JPY claws back BOJ inspired gains, Important support test looms.
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The CAC40 Tests Resistance in a Downtrend

The CAC40 is trading up modestly this morning, after the Index broke to a new monthly low yesterday at 4348
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Silver Prices Trade Higher On A Soft Dollar

Silver prices may have finally left the range of the last few days and appear to be heading for the December high of $14.58.
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DAX 30 Eyes 9400 And Trend Is Bearish Below 9678

The DAX has now reached that first target and may still reach 9400 as long as it trades below 9678, which is an intraday high from yesterday.
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FTSE 100 Softens More than Was Suggested by Commodity Markets

The biggest drag on the FTSE 100 total returns over the last week is the Basic Materials sector, which again highlights the link between the FTSE 100 and commodities. The technical trend for today is neutral to bullish above the 5866 low, bearish below.
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Silver and Platinum Price Action Not Supporting Gold Fervor

Gold testing 200-day moving average, other metals remain stuck in bearish consolidation patterns.
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USD/CAD Technical Analysis: CAD Bulls Likely In Charge below 1.4325 (Levels)

USD/CAD Plunged ~750+ Pips since the end of last week, now attention turns to USD & Oil for next big move.
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USD/CAD Breakouts Begin Over 1.4030

The USD/CAD is attempting to breakout to higher highs over 1.4030.
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Silver Should Be Trading At $14.93 According to Gold

The overall trend is bullish above the January 22 low of $14 and the next resistance level and target for bullish traders is the December 7 high of $14.58, a target silver should be able to reach so long as its correlation to the price of gold holds up.
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